Viavi Solutions (NASDAQ:VIAV) EVP Sells 13,806 Shares of Company Stock

Viavi Solutions Inc. (NASDAQ:VIAV) EVP Paul McNab sold 13,806 shares of the stock in a transaction that occurred on Thursday, November 12th. The shares were sold at an average price of $32.12, for a total transaction of $443,448.72. Following the completion of the transaction, the executive vice president owned 46,026 shares in the company, valued at $1,478,355.12. This represents a 23.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Paul Mcnab also recently made the following trade(s):

• On Friday, September 11th, Paul McNab sold 11,032 shares of Viavi Solutions stock. The stock was sold at an average price of $38.97, for a total transaction of $429,917.04.

Viavi Solutions Stock Performance

VIAV traded down $1.76 during trading on Friday, hitting $30.78. 2,632,002 shares of the stock were exchanged, compared to its average volume of 6,082,574. The firm has a market capitalization of $7.57 billion, a P/E ratio of 128.00, a PEG ratio of 1.94 and a beta of 1.31. Viavi Solutions Inc. has a 1-year low of $15.51 and a 1-year high of $60.43. The stock has a fifty day moving average price of $36.40 and a two-hundred day moving average price of $38.89. The company has a quick ratio of 1.40, a current ratio of 1.65 and a debt-to-equity ratio of 0.30.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Wednesday, November 4th. The communications equipment provider reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.06. Viavi Solutions had a net margin of 3.97% and a return on equity of 25.36%. The business had revenue of $469.30 million during the quarter, compared to the consensus estimate of $455.06 million. During the same quarter in the prior year, the firm earned $0.15 earnings per share. The business’s quarterly revenue was up 56.9% compared to the same quarter last year. As a group, sell-side analysts predict that Viavi Solutions Inc. will post 1.42 earnings per share for the current year.

Institutional Investors Weigh In On Viavi Solutions

Several hedge funds have recently modified their holdings of the stock. Bleakley Financial Group LLC acquired a new position in shares of Viavi Solutions during the third quarter valued at approximately $594,000. USS Investment Management Ltd boosted its stake in Viavi Solutions by 43.0% during the 3rd quarter. USS Investment Management Ltd now owns 15,300 shares of the communications equipment provider’s stock valued at $642,000 after purchasing an additional 4,600 shares in the last quarter. Westpac Banking Corp bought a new position in Viavi Solutions during the 3rd quarter valued at $1,555,000. Private Advisor Group LLC increased its position in shares of Viavi Solutions by 19.4% during the 3rd quarter. Private Advisor Group LLC now owns 8,803 shares of the communications equipment provider’s stock valued at $369,000 after purchasing an additional 1,430 shares during the period. Finally, Stephens Investment Management Group LLC increased its position in shares of Viavi Solutions by 65.8% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,274,407 shares of the communications equipment provider’s stock valued at $53,423,000 after purchasing an additional 505,731 shares during the period. 95.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VIAV has been the subject of a number of research analyst reports. Zacks Research cut Viavi Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Wall Street Zen upgraded Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 7th. Weiss Ratings raised Viavi Solutions from a “sell (d)” rating to a “hold (c)” rating in a research report on Monday. Stifel Nicolaus set a $65.00 price target on Viavi Solutions in a report on Wednesday, September 23rd. Finally, UBS Group reduced their price objective on Viavi Solutions from $44.00 to $33.00 and set a “neutral” rating on the stock in a research report on Thursday, November 5th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Viavi Solutions has an average rating of “Moderate Buy” and a consensus target price of $57.83.

Trending Headlines about Viavi Solutions

Investors following VIAV have been watching these headlines:

• Positive Sentiment: Zacks upgraded VIAV to Rank #1 (Strong Buy), citing improving earnings prospects. Viavi Solutions Upgraded to Strong Buy
• Positive Sentiment: Coverage highlights a strong fiscal Q1 2027 earnings beat, an upbeat Q2 outlook, and growing data-center opportunities. Rising demand for optical testing and improving margins support the growth outlook. Q1 Results and Q2 Outlook
• Negative Sentiment: Despite strong results and demand trends, Zacks noted VIAV had fallen 11.6% over the past month. Valuation and execution risks remain concerns and could limit the stock’s response to positive growth news. Growth and Valuation Risks

Viavi Solutions Company Profile

Viavi Solutions Inc. develops testing, monitoring and assurance solutions for communications networks. Its products and software help service providers, equipment makers and enterprises build, maintain and troubleshoot fiber-optic, broadband, wireless and other network infrastructure, including technologies used in 5G and data centers. The company also makes optical technologies and security products, including features used to authenticate banknotes, identity documents and branded goods. These offerings support applications in areas such as anti-counterfeiting, document security and optical coatings.